India, March 24 -- The U.S. dollar climbed higher, and firmed against most of its major counterparts on Monday, as investors noted preliminary readings on U.S. manufacturing and services sector activity, and assessed the potential impact of Trump's tariffs on global economic growth.

A report from the Wall Street Journal said Trump is narrowing his approach to the tariffs, likely omitting a set of industry-specific tariffs.

Bloomberg also said Trump's coming wave of tariffs is poised to be more targeted than the barrage he has occasionally threatened, citing aides and allies.

the S&P Global US Composite PMI rose to 53.5 in March, climbing up from February's 10-month low of 51.6, a flash estimate showed. While the Manufacturing PMI fell to...